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Thursday 11 April 2019

EPIC RESEARCH MCX Naturalgas UPDATE OF 11 April 2019

Naturalgas trading range for the day is 185-190.6.

Natural gas prices traded in range as declining output offset forecasts for cooler weather and less heating demand next week.

The market has become much less volatile over the past couple of months as the weather moderates for the spring.

Utilities likely added 15 billion cubic feet (bcf) of gas to inventories during the week ended April 5.

Output in the Lower 48, meanwhile, dipped to 88.1 bcfd as a result of small declines in Oklahoma and Wyoming from 88.7 bcfd seen over the past few days.

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